Can prices to rise again as aluminium hits $3,000

Coils of aluminium canstock being shipped from an Alcan mill.
Picture courtesy of Alcan

May 10: Beverage can manufacturers face the prospect of having to push through even higher price rises to their customers with the expectation that the cost of canstock will continue to rise for at least another 12 months.
As the price of a tonne of aluminium nudged the psychological barrier of $3,000 this week, the industry is bracing itself for prices reaching the all-time high of $3,285 in 1988 when a stocking problem hit the market.

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